Clause 55 - Derivative contracts
Finance Bill
4:30 pm
Richard Spring (Shadow Minister, Treasury; West Suffolk, Conservative)
I beg to move amendment No. 157, in clause 55, page 48, line 29, after 'a', insert
'formation of an SE by'.
The amendment was drafted to ensure consistency with new paragraph 12B(5) of schedule 9 to the Finance Act 1996, which is inserted by clause 54. Will the Minister comment on the proposal? It is a tidying-up exercise to make the provision clearer and to bring consistency to the Bill.